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The word “Nidhi” in Nidhi Company comes from a root historically which means “treasure”. In its more moderen context within the Indian money sector it refers to any mutual profit society notified by the Central / Union Government as a Nidhi Company. they're created primarily for the motive of cultivating the habit of thrift and savings among their members. Long before the unionized money establishme.....

This article enumerates the brief transaction procedure involved in the establishment of a Nidhi Company and the laws relating to Nidhi Company in force in India near #city#. It shall be noted that the activities described hereunder covers various relevant legislations, regulations and rules, for the time being in force in India and the legal entity has to obtain approval/register itself with Ministry of Corporate Affairs (“MCA&rdq.....